Under pressure to save the Euro, the European Central Bank is gearing up to buy Italian and Spanish government bonds in the open market – but not yet. ECB President Mario Draghi said it will only act...
The US dollar is forecasted to pare yesterday’s gains from the higher-yielding Australian currency as investors appear to be intent to take on risk. With the European Central Bank planning concerted action with Euro Zone countries to...
After roughly a week of anticipation, the Fed gave the markets nothing new.
In spite of fading expectations of stimulus action this week by the US Federal Reserve and the European Central Bank, the demand for the Euro opposite the US dollar continues to thrive.
Economic fundamentals for Spain started off on a bad note this week, intensifying worries that the end for the country’s domestic problems is still out of sight.
The Euro incurred losses against the British pound in yesterday’s European trading session as markets wait for actions to be taken by the European Central Bank (ECB) after President Mario Draghi last week pledged to preserve the...
According to provisional results of the Federal Statistical Office (Destatis), the June turnover of German retail sales, when adjusted for calendar and seasonal variations, was in nominal terms 0.3 percent larger than that of last May. However,...
The Canadian dollar is benefiting from speculations of policy action by foreign central banks.Now on its third consecutive week, the Loonie currency is in its longest streak of gains against its US counterpart.
The US dollar gained slightly versus the Canadian dollar in yesterday’s American trading session as applications for jobless benefits dropped by 35,000 in the week ending July 21 to 353,000, data from the Labor Department showed.
European Central Bank chief Mario Draghi has pledged full support for Europe’s single currency, boosting stock markets and easing pressure on Spanish borrowing costs.
